THE PEDDIE COMMUNITY COMMITS ITSELF to the intellectual, social, and moral growth of our students. WE challenge our students to reach for levels of achievement (See Sch O)

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Run by 175 volunteers and 465 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $10.6M a year · 17% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.3M
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
14 mo
of spending, in cash
Plus $475.1M in investments, Pt X · Ln 11–13
Looks good: 13.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $17K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$41.8M
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
32
of 34 voting members
Looks good: 32 of 34 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$76.8M
+30% vs prior year
Spent
$59.4M
To programs
80%
Net assets
$629.5M
By yearFY2020–FY2025
Revenue
$76.8M
FY2025▲ +30%
Tap a bar for its year
Revenue by fiscal year
FY2020$61.6M
FY2021$58.1M
FY2022$64.4M
FY2023$59.0M
FY2024$59.1M
FY2025$76.8M
Expenses
$59.4M
FY2025▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$48.0M
FY2021$47.6M
FY2022$50.6M
FY2023$53.4M
FY2024$56.5M
FY2025$59.4M
Net assets
$629.5M
FY2025▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$465.4M
FY2021$566.3M
FY2022$522.1M
FY2023$551.3M
FY2024$590.0M
FY2025$629.5M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1937.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $47.5M Management & general 15% · $8.9M Fundraising 5% · $3.0M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

42 people listed on the 990; $2.3M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Trustee/Head of School
$660,521Pt VII · Sec A
Asst Secretary/Asst Head Finan
$298,776Pt VII · Sec A
Assistant Head for Development
$282,641Pt VII · Sec A
Asst. Head of School
$211,780Pt VII · Sec A
Director, Health Center
$175,497Pt VII · Sec A
Director of Admissions
$173,310Pt VII · Sec A
Asst Treasurer/Controller
$156,500Pt VII · Sec A
Director of Development
$146,498Pt VII · Sec A

Peter a Quinn’s $661K as Trustee/Head of School is at the 95th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Peter a Quinn$660,521$630,386$616,518$599,385$543,392$513,069
Sanjeev Puri$298,776$285,784$249,841$127,398——
Karyn Vella$282,641$297,146$260,670$253,024$232,245$224,564
Michael McKitish———$270,810$280,266$275,799
M Catherine Rodrigue$211,780$197,559$192,644$189,267$179,478$175,787
Christopher Van Wyk———$180,816$173,168$173,235
Aimee Goodman$175,497$170,927$166,024$167,920$158,633$164,528
Raymond H Cabot$173,310$159,310$147,023$148,207$137,855$136,165

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Fosters students' intellectual, social, and moral growth through challenging academic pursuits.

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Provided by the organization

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1 program · $47.5M · in their own filed words · FY2024
01

A private secondary BOARDING/DAY school enrolling 527 students in grades 9-12 during the school year, and academic courses for students in grades 5 - 12 during the summer. Expenses include financial aid of $10,667,736.

$47.5Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 4 funders$17K
See all 4 funders →
Grants paid · 16 grants · $57.5M · 2019–2024
Unitemized GrantFY2024$10,667,736
Borough of HightstownFY2024$24,000
Unitemized GrantFY2023$10,866,422
Borough of HightstownFY2023$24,000
Unitemized GrantFY2022$9,683,831
Borough of HightstownFY2022$24,000
Unitemized GrantFY2021$8,851,994
Borough of HightstownFY2021$23,000
Unitemized GrantFY2020$8,157,019
Borough of HightstownFY2020$23,000
Unitemized GrantFY2019$9,037,550
Borough of HightstownFY2019$41,759

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$76.8M
Ln 12
Fees for servicesLn 2g$39.0M
Investment incomeLn 3$26.9M
Gifts and grantsLn 1h$9.0M
Money outPt IX
$59.4M
Ln 25
Programscol B$47.5M
Managementcol C$8.9M
Fundraisingcol D$3.0M
Owns and owesPt X
$629.5M
net assets · Ln 32
Cash and savingsLn 1–2$67.5M
Total assetsLn 16$671.3M
LiabilitiesLn 26$41.8M
PeoplePt VI, VII
42
listed · VII A
PaidVII A10
Voting boardVI 1a34
IndependentVI 1b32
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9.0M
Noncash giftsLn 1g$6.5M
Fees for servicesLn 2g$39.0M
Investment incomeLn 3$26.9M
Other incomeLn 4–11$1.9M
Gains on assetsLn 7$22.7M
Total revenueLn 12$76.8M
Assets in detailPt X, end of year
CashLn 1$21.6M
SavingsLn 2$45.9M
Cash and savings togetherLn 1–2$67.5M
InvestmentsLn 11–13$475.1M
Land, buildings, equipmentLn 10c$115.3M
Other assetsLn 15$2.1M
Total assetsLn 16$671.3M
LiabilitiesLn 26$41.8M
Net assetsLn 32$629.5M
OperationsPt I, VI
EmployeesI 5465
VolunteersI 6175
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$53.6M$67.5M
InvestmentsLn 11–13$450.1M$475.1M
Land, buildings, equipmentLn 10c$111.6M$115.3M
Total assetsLn 16$632.9M$671.3M
LiabilitiesLn 26$42.8M$41.8M
Net assetsLn 32$590.0M$629.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$55K$55K
Grants to domestic individualsLn 2$10.7M$10.7M
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$1.7M$351K$1.1M$177K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$17.9M$14.0M$2.5M$1.5M
Pension plan contributionsLn 8$1.6M$1.1M$323K$131K
Other employee benefitsLn 9$3.3M$2.3M$679K$275K
Payroll taxesLn 10$1.3M$984K$245K$112K
Management feesLn 11a$0
Legal feesLn 11b$86K$86K
Accounting feesLn 11c$86K$86K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$398K$398K
Other fees for servicesLn 11g$463K$96K$363K$4K
Advertising and promotionLn 12$199K$36K$163K
Office expensesLn 13$481K$187K$230K$64K
Information technologyLn 14$1.0M$981K$65K
RoyaltiesLn 15$0
OccupancyLn 16$5.0M$4.5M$450K$81K
TravelLn 17$610K$341K$94K$176K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$854K$854K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$7.7M$6.9M$734K$37K
InsuranceLn 23$864K$730K$81K$53K
Other expenses (24a–d)Ln 24$2.9M$2.2M$667K
All other expensesLn 24e$2.2M$1.2M$698K$334K
Total functional expensesLn 25$59.4M$47.5M$8.9M$3.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $76.8M$59.4M$17.4M$629.5M 990 PDF
FY2024 $59.1M$56.5M$2.7M$590.0M 990 PDF
FY2023 $59.0M$53.4M$5.6M$551.3M 990 PDF
FY2022 $64.4M$50.6M$13.8M$522.1M 990 PDF
FY2021 $58.1M$47.6M$10.5M$566.3M 990 PDF
FY2020 $61.6M$48.0M$13.6M$465.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $76,804,202 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,187,548$9,042,042
I-9 Program service revenuePrior year $38,491,730$39,000,736
I-10 Investment incomePrior year $12,339,924$26,899,394
I-11 Other revenuePrior year $2,122,043$1,862,030
I-12 Total revenuePrior year $59,141,245$76,804,202
I-13 Grants and similar amounts paidPrior year $10,910,222$10,722,536
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $24,233,500$25,819,224
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $21,346,172$22,875,753
I-18 Total expensesPrior year $56,489,894$59,417,513
I-19 Revenue less expensesPrior year $2,651,351$17,386,689
Part VI · Governance 32 of 34 board members independent, no flags
VI-1a Voting members of the governing body34
VI-1b Independent voting members32
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $76,804,202 across 11 lines filed
Lines not itemized here account for $50,970 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$9,042,042
VIII-1g Noncash contributions (included above)$6,541,788
VIII-1h Total contributions, gifts and grants$9,042,042
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $39,000,736$39,000,736
VIII-3 Investment incomeExcluded from tax $4,236,910$4,236,910
VIII-5 Royalties$0
VIII-6 Net rental income or lossExcluded from tax $127,685$127,685
VIII-7 Net gain or loss on sales of assetsExcluded from tax $22,662,484$22,662,484
VIII-8 Net income from fundraising eventsExcluded from tax −$137,348−$137,348
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $334,823 · Unrelated business $1,406,099 · Excluded from tax $79,801$1,820,723
VIII-12 Total revenueRelated to mission $39,386,529 · Unrelated business $1,406,099 · Excluded from tax $26,969,532$76,804,202
Part IX · Statement of functional expenses $59,417,513 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $54,800$54,800
IX-2 Grants to domestic individualsPrograms $10,667,736$10,667,736
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $351,305 · Management $1,138,081 · Fundraising $176,676$1,666,062
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $13,985,122 · Management $2,473,115 · Fundraising $1,483,504$17,941,741
IX-8 Pension plan contributionsPrograms $1,119,240 · Management $323,352 · Fundraising $131,080$1,573,672
IX-9 Other employee benefitsPrograms $2,343,035 · Management $678,643 · Fundraising $274,562$3,296,240
IX-10 Payroll taxesPrograms $984,371 · Management $245,396 · Fundraising $111,742$1,341,509
IX-11a Management fees$0
IX-11b Legal feesManagement $86,145$86,145
IX-11c Accounting feesManagement $85,904$85,904
IX-11d Lobbying fees$0
IX-11f Investment management feesManagement $398,196$398,196
IX-11g Other fees for servicesPrograms $96,066 · Management $362,817 · Fundraising $3,939$462,822
IX-12 Advertising and promotionPrograms $35,929 · Management $163,286$199,215
IX-13 Office expensesPrograms $186,999 · Management $230,132 · Fundraising $63,546$480,677
IX-14 Information technologyPrograms $980,673 · Fundraising $64,966$1,045,639
IX-15 Royalties$0
IX-16 OccupancyPrograms $4,512,134 · Management $450,421 · Fundraising $80,692$5,043,247
IX-17 TravelPrograms $340,856 · Management $93,528 · Fundraising $175,988$610,372
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $853,587$853,587
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $6,881,651 · Management $734,325 · Fundraising $37,057$7,653,033
IX-23 InsurancePrograms $729,953 · Management $80,874 · Fundraising $53,066$863,893
IX-24 Other expenses (24a–d)Programs $2,186,977 · Management $666,514$2,853,491
IX-24e All other expensesPrograms $1,206,786 · Management $698,268 · Fundraising $334,478$2,239,532
IX-25 Total functional expensesPrograms $47,517,220 · Management $8,908,997 · Fundraising $2,991,296$59,417,513
Part X · Balance sheet $671,311,979 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $18,945,768$21,561,775
X-2 Savings and temporary cash investmentsStart of year $34,682,329$45,916,073
X-3 Pledges and grants receivableStart of year $10,073,112$9,761,761
X-4 Accounts receivableStart of year $817,961$1,063,552
X-8 Inventories for sale or useStart of year $153,126$144,824
X-9 Prepaid expenses and deferred chargesStart of year $387,295$357,759
X-10c Land, buildings and equipment, netStart of year $111,586,377$115,306,771
X-11 Publicly traded securitiesStart of year $142,465,441$167,344,221
X-12 Other securitiesStart of year $307,630,321$307,779,135
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $6,124,601$2,076,108
X-16 Total assetsStart of year $632,866,331$671,311,979
X-17 Accounts payable and accrued expensesStart of year $4,735,290$6,178,351
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $8,562,276$8,266,498
X-20 Tax-exempt bond liabilitiesStart of year $9,785,459$7,548,687
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $42,845,381$41,764,859
X-27 Net assets without donor restrictionsStart of year $247,406,746$264,014,084
X-28 Net assets with donor restrictionsStart of year $342,614,204$365,533,036
X-32 Total net assets or fund balancesStart of year $590,020,950$629,547,120
X-33 Total liabilities and net assetsStart of year $632,866,331$671,311,979
Part XI · Reconciliation of net assets $629,547,120 net assets at year end
XI-1 Total revenue$76,804,202
XI-2 Total expenses$59,417,513
XI-3 Revenue less expenses$17,386,689
XI-4 Net assets at start of year$590,020,950
XI-5 Net unrealized gains (losses) on investments$21,542,657
XI-9 Other changes in net assets$596,824
XI-10 Net assets at end of year$629,547,120

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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